975 Edwardsville Rd Wood River, IL 62095-1823

Property Details for 975 Edwardsville Rd

Year built

1960

Lot size

0.66 lot acres

Property size

1,976 SF

Property type

Office Properties & Spaces

APN

19-1-08-22-20-401-012

APU

191082220401012

Description

This exceptional 1,976 square foot medical office building, situated on a 0.66-acre lot in Wood River, Illinois, presents a compelling investment opportunity. Built in 1960 and renovated in 2005, the property boasts a desirable C-1 zoning classification. The single-story building features six exam rooms/offices, a reception area, two restrooms, a storage room, a kitchenette, and an enclosed two-car garage. Ample parking is provided with 20 spaces in an asphalt lot, complemented by a marquee sign for excellent visibility. Currently operating under a gross lease with a tenant in place for 3.5 years, the property generates a strong net operating income (NOI) of $13,860, resulting in an attractive 9.8% capitalization rate. The asking price is $164,995, translating to $83.50 per square foot. The property's address is 975 E Edwardsville Rd, Wood River, IL 62095, with APN 19-1-08-22-20-401-012. This turnkey investment is ideal for both owner-occupants and passive investors seeking a stable, high-yield asset in a convenient location. The property is a single-unit building with a single tenant.

Location Insight

City

Wood River

County

Madison

State

Illinois

Longitude

-90.0803

Latitude

38.8648

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments